Changchun High-Tech Industry (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Changchun High-Tech Industry (Group) has a total shareholder equity of CN¥26.0B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥31.1B and CN¥5.1B respectively. Changchun High-Tech Industry (Group)'s EBIT is CN¥4.6B making its interest coverage ratio -43.6. It has cash and short-term investments of CN¥6.5B.
Key information
5.3%
Debt to equity ratio
CN¥1.39b
Debt
| Interest coverage ratio | -43.6x |
| Cash | CN¥6.47b |
| Equity | CN¥26.02b |
| Total liabilities | CN¥5.06b |
| Total assets | CN¥31.07b |
Recent financial health updates
Here's Why Changchun High-Tech Industry (Group) (SZSE:000661) Can Manage Its Debt Responsibly
Sep 29
Changchun High-Tech Industry (Group) (SZSE:000661) Seems To Use Debt Rather Sparingly
Jun 12Recent updates
Estimating The Fair Value Of Changchun High-Tech Industry (Group) Co., Ltd. (SZSE:000661)
Nov 25Changchun High-Tech Industry (Group) Co., Ltd.'s (SZSE:000661) Share Price Boosted 33% But Its Business Prospects Need A Lift Too
Sep 30Here's Why Changchun High-Tech Industry (Group) (SZSE:000661) Can Manage Its Debt Responsibly
Sep 29Changchun High-Tech Industry (Group) Co., Ltd. Just Missed Revenue By 11%: Here's What Analysts Think Will Happen Next
Aug 18Improved Earnings Required Before Changchun High-Tech Industry (Group) Co., Ltd. (SZSE:000661) Shares Find Their Feet
Aug 15Changchun High-Tech Industry (Group) (SZSE:000661) Seems To Use Debt Rather Sparingly
Jun 12Changchun High-Tech Industry (Group) Co., Ltd. (SZSE:000661) Just Released Its First-Quarter Earnings: Here's What Analysts Think
Apr 23Benign Growth For Changchun High-Tech Industries (Group) Inc. (SZSE:000661) Underpins Its Share Price
Apr 12Earnings Miss: Changchun High-Tech Industries (Group) Inc. Missed EPS By 6.6% And Analysts Are Revising Their Forecasts
Mar 22Financial Position Analysis
Short Term Liabilities: 000661's short term assets (CN¥16.8B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 000661's short term assets (CN¥16.8B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 000661 has more cash than its total debt.
Reducing Debt: 000661's debt to equity ratio has increased from 3.6% to 5.3% over the past 5 years.
Debt Coverage: 000661's debt is well covered by operating cash flow (329.8%).
Interest Coverage: 000661 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:12 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Changchun High-Tech Industry (Group) Co., Ltd. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shuchang Liu | Changjiang Securities Co. LTD. |
| Pei Cheng | China Galaxy Securities Co., Ltd. |
| Peng Zou | China International Capital Corporation Limited |